Trade Tensions Undermine Dollar

The dollar staged its sharpest slide against the Japanese yen in more than five weeks on fears of a trade war after the United States moved Thursday to ban Japanese ships from its ports.

Also weighing down the dollar was speculation that the Japanese government may soon unveil a new plan to boost the nation’s sagging economy.

“Trade tensions are bad for the dollar,” said Kevin Harris, international economist at MCM Currencywatch. “When tensions escalate, there is a good chance that the dollar could weaken.”

Currency in Dollar in Exchange Dollars foreign currency

Canada .7215 1.3860 France .1709 5.8503 Germany .5736 1.7435 Great Britain 1.6179 .6181 Italy .000587 1703.00 Japan .008258 119.65 Mexico .129266 7.736